Social house

HA NOI (VNS)— Viet Nam hoped to deepen and broaden co-operation with Malaysia in social housing construction and development, said Prime Minister Nguyen Tan Dung while receiving former Malaysian Prime Minister Ahdullah Ahmad Badawi yesterday.
Dung stressed that Viet Nam attached importance to the development of social housing and always welcomed and created the best possible conditions for Malaysian businesses to invest in the field.
Highly valuing Badawi's contributions to multifaceted co-operation between the two countries, the Vietnamese leader said he hoped the former Malaysian PM would use his influence to help strengthen co-operation between the two countries, especially in economics, trade, investment, education, tourism and construction. … [Read more...] about Viet Nam, Malaysia keen to boost social housing co-operation

HA NOI (VNS)— Malaysian property developers shared their experience in social housing construction and development with the Ministry of Construction yesterday in Ha Noi.
The Malaysian construction delegation was led by former prime minister Abdullah Ahmad Badawi in a brief meeting with the Ministry of Construction.
At the meeting, Viet Nam Deputy Minister of Construction Nguyen Tran Nam presented an overview of the social housing construction and development in Viet Nam and blamed the disorganised planning to limited resources and inconsistent investment. By late 2011, the Government issued a national strategy on housing development with a vision to 2030, with the goal of housing for everyone. … [Read more...] about Malaysian developers share experience on social housing

HA NOI (VNS) — A high level of unsold apartments have prompted real estate and economic experts to propose ways to spur the domestic property market.
However, the market lacked medium and small apartments or houses that were suitable for first home buyers.
Nguyen Van Duc, deputy director of Dat Lanh Real Estate Company, told an online dialogue the high level of unsold property was due to apartments being built for rich people, which were out of reach of mid- and low-income people.
Le Thuy Huong, general director of Truong Thinh Phat Real Estate Company, said apartments were not selling because the prices were too high for most people. … [Read more...] about State urged to help turn unsold apartments into social housing

HA NOI — Developing social housing projects in Ha Noi would be a compulsory task for State companies under the Ministry of Construction and the city's People's Committee, according to Minister of Construction Trinh Dinh Dung.
He made the statement at the signing ceremony on the co-ordinated implementation of the Housing Development Strategy with the municipal People's Committee on Tuesday.
Those companies would play key roles and should be given favourable conditions to involve themselves in social housing programmes in the city, he added.
Steering committee set up
HA NOI — Ha Noi last week founded the Steering Committee on Housing Policy and Real Estate Market which will take charge of the implementation of housing and real estate-related laws and policies.
Its tasks will also cover supervising the city's housing development programme and setting specific goals for housing development to meet the city's demand.
Deputy Chairman of the People's … [Read more...] about State firms to build social housing

Commercially built apartments have become more popular with low-income buyers than social housing, as prices of the former have dropped substantially in recent years, according to real estate experts.
Many commercial housing projects in Hanoi and Ho Chi Minh City have lowered prices to 10-14 million VND (476-667 USD) per square metre, nearly equal to social housing costs.
Even though some developers of social housing have benefited from the Government's preferential policies, the price of those apartments remains relatively high.
Apartments in the Tay Nam Linh Dam social housing project in Hanoi, for example, sell for 12 million VND (571 USD) per square metre.
Dr Pham Sy Liem, general secretary of the Vietnam Construction Association, acknowledged that there is a significant price difference between commercial and social housing apartments.
He explained that the price of privately built apartments was based on market supply and demand, while social housing depended more on … [Read more...] about Low-income buyers shun social housing apartments

HA NOI (VNS)— There were 104 social housing projects nationwide as of the end of May, 47 of which were converted from commercial ones, according to the construction ministry.
There were also 38 projects for housing workers in industrial zones.
Deputy Minister of Construction Nguyen Tran Nam said that low-income houses would cost less than VND12 million ($572) per square metre. — VNS … [Read more...] about Country has 104 projects dedicated to social housing

HA NOI (VNS)— The Ha Noi People's Committee has agreed to convert part of a proposed commercial housing project at 143 Tran Phu Street in Van Quan Ward, Ha Dong District, into social housing.
The approval makes the 11.300-sq.m building the first project to be approved for transformation under the Ministry of Construction's initiative to change commercial real estate projects to social housing in an effort to warm up the property market.
The Tran Phu project, which is backed by the Song Da Urban Joint Stock Company, will consist of 512 apartments in 35 storeys.
Those which changed to social housing projects would enable investors to assess preferential loans and be exempt from land-leasing fees.
However, they will have to set aside the first floor for community activities, and the second and third floors for kindergarten, first aid and fitness centres. The investor is also responsible for building infrastructure such as roads and green space.
Upon completion, the … [Read more...] about Social housing conversion gets go-ahead

HA NOI (VNS)— Work began on Wednesday on a social housing project worth VND560 billion (US$26.6 million) in the capital city's Ha Dong District.
The 35-storey building, covering an area of 2,590 square metres, will provide 512 affordable flats to around 2,200 low-income earners when completed in 2015.
It is among the first commercial housing projects to be transformed into social housing by the municipal People's Committee.
The project's investor - Song Da Urban and Industrial Zone Investment and Development JSC - may be eligible to receive a loan of VND200 billion ($9.5 million) from the Government's VND30 trillion-credit package. — VNS … [Read more...] about Billions of dong spent building social houses

HCM City will develop 12 social housing projects with 21,000 resettlement flats this year, director of the city's Department of Construction Tran Trong Tuan, has said.
The city will complete the construction of five projects with 813 flats later this year. Ten commercial housing projects with over 9,200 flats would be turned into social housing projects, pending approval from the city's People's Committee.
Nhan Dan (The People)
Dong Nai green lights $70 million museum
A project to build a science museum at a cost of $70 million has been approved by the Dong Nai Province People's Committee.
Under the project, the money would come from various sources, including $30 million from the province's budget.
The museum will be located on 25 hectares of land in Cam My District. It will include outdoor areas besides display rooms.
Local authorities have invited dozens of scientists and museum experts to take part in the project.
Thanh Nien (Young People)
Ministry offers … [Read more...] about More social housing projects set for south

Duc Manh Joint Stock Company and 579 Investment and Building joint Stock Corporation began work on three social housing projects in central Da Nang City last Saturday.
An Trung project No.2 and Tran Thi Ly projects No.1 and 2 in Son Tra District are the first in Da Nang to be funded by loans from the Government's VND30 trillion (US$1.4 billion) credit package.
They will cost VND500 billion ($23.8 million) and have 1,558 apartments each measuring 53.44sq.m and costing VND6-7 million ($285-333) per square metre when completed in the third quarter of 2015.
Nhan Dan (The People)
City approves plan for five residential areas
The HCM City People's Committee has approved 1/ 2000-scale plan for five existing residential areas — Tan Tao residential areas 1 and 2 in Binh Tan District, Xuan Thoi Thuong residential area in Cu Chi District, several in Go Vap District's wards 6 and 17, and one in District 9's Nam Cao Street.
The plans are based on the city's overall economic and … [Read more...] about Da Nang social housing projects underway